VIBHA : If 6.90 holds another rebound to 8 will be possible.

The stock has consolidated for 2 months now after the big run-up from 5.35 to 8.50 during late May / early June, and could well bounce to 8 or so once again as long as 6.90 holds firm. A weekly close or even daily close below 6.90 on heavy selling would be very bad news however, and force stop activation, so entry near here needs to come with a reasonably tight SL in our view.

Strong resistance from about 7.4-7.5, and if taken out a swift move to 8 or so looks possible. Look for daily vols to increase above 3m shares for a break out or break down to be meaningful.

CAT builds new submarine cable system, APG, supporting super high-speed data capacity as global content businesses are coming to Asia to build business foothold, resulting in constant high traffic. Demand of international bandwidth for Thailand in the next 3 years is expected to increase by 6 times. CAT Internet Gateway is also revealed to be the first in Th […]

The Stock Exchange of Thailand main index went up 1.88 points or 0.12% to close at 1,527.29 points at the end of trading session this morning. The trade value was 22.39 billion baht, with 5.34 billion shares traded.

Caracas: With the value of Venezuela's largest banknotes reduced to a few US cents by triple-digit inflation and the currency's collapse on the black market, the country's central bank said it would begin circulating higher-denomination notes this month.

NEW YORK: Starbucks Corp, looking to the future as its longtime chief executive officer moves to other projects, plans to open 12,000 new locations within five years to boost its number of coffee shops worldwide by almost 50%.